Institutional clusters and economic performance

Jon Jellema and Gérard Roland

Journal of Economic Behavior & Organization, 2011, vol. 79, issue 1, 108-132

Abstract: We ran principal component regressions of growth and income on existing measures of institutions to assess which are the most important for economic performance. We find that broadly defined institutions of checks and balances as well as a democratic and anti-authoritarian culture are the most robust institutional determinants of long-run growth in income.

Keywords: Institutions; Development; Principal component analysis; Separation of powers; Culture (search for similar items in EconPapers)
JEL-codes: O40 O47 O57 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:79:y:2011:i:1:p:108-132

DOI: 10.1016/j.jebo.2011.04.003

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